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1214 (07/2026) Chapter 8: Examples • Chapter 8: Examples Example 4: Lara and Monica are applying for TANF benefits and states that they have a 2017 Toyota Sienna SE with 35,000 miles on it and owes $6,052.00 on the vehicle. He states that he does not own any additional vehicles. Per NADA at the time of intake the vehicle is worth $23,424 FMV (Average Trade-in Value) Is this vehicle counted as a resource? If so, how much? $ 23,424 FMV - 6,052 amt owed on vehicle $ 17,372 *Equity Value - 10,000 Excluded Equity Value $ 7,372 **Amount counted towards resources Example 5: Larry and his mom Sheryl own a 2014 Nissan Titan 4X4. Sheryl will not allow Larry to sell the truck, therefore it is not considered an accessible resource for Larry. We would not count this as a resource. ERDC Example 1: Brad has submitted an Employment Related Day Care (ERDC) Re-application and Supplemental Nutrition Assistance Program (SNAP) Application (DHS 7476) to the local branch office. He is applying for child care assistance for his son, Maddox. On the application, Brad does not check the box that states, “My family assets do not exceed one million dollars ($1,000,000).” During the interview, Brad confirmed that the family’s countable resources exceed the ERDC resource limit. Because the household is over the allowable resource amount for ERDC, Brad is denied child care assistance, and a decision notice of ineligibility is sent. ERDC Example 2: Tanya is currently receiving Employment Related Day Care (ERDC) benefits for her granddaughter, Riley. As part of her ERDC reporting requirements, Tanya contacts the local office to report a recent change in her family’s countable resources. Tanya explains that she received an inheritance, and the total value of her family’s assets now exceeds one million dollars. Because ERDC has a resource limit of one million dollars, Tanya’s EDG no longer meets the eligibility requirements for ongoing child care assistance. Tanya’s ERDC benefits will close with a timely decision notice be sent. OSIPM Resource deeming from an ineligible parent to an applying child who is not assumed eligible